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The following refers to the pension spreadsheet (columns have missing amounts) for the current year for Pancho Villa Enterprises (PVE). Prior Service Cost 80 Plan

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The following refers to the pension spreadsheet (columns have missing amounts) for the current year for Pancho Villa Enterprises (PVE). Prior Service Cost 80 Plan Assets 470 Net Pension (Gain)/Loss Expense Cash Net Pension (Liability)/ Asset 82 PBO 75 (105) (45) 75 ($ in millions) Debit(Credit) Beginning balance Service cost Interest cost Expected return on assets Gain/loss on assets Amortization of: Prior service cost Net gain/loss Loss on PBO Contributions to fund Retiree benefits paid Ending balance (85) (550) - 10 12 142 What were the retiree benefits paid? Multiple Choice $78 million. $71 million. $73 million. $64 million

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